PRACTICAL MGT. SCIENCE (LL)-W/MINDTAP
PRACTICAL MGT. SCIENCE (LL)-W/MINDTAP
6th Edition
ISBN: 9781337610278
Author: WINSTON
Publisher: CENGAGE L
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Chapter 3, Problem 45P
Summary Introduction

To explain: The reason why the shadow price of such a resource constraint always zero when the amount used in the optimal solution is less than the amount available.

Linear programming:

It is a mathematical modeling procedure where a linear function is maximized or minimized subject to certain constraints. This method is widely useful in making a quantitative analysis which is essential for making important business decisions.

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